In 2021, the FTX cryptocurrency exchange collapsed, causing many investors to lose their assets. Now, the US Department of Justice has seized $16 million worth of crypto assets linked to the scandal, including Binance assets that are allegedly bribes related to Sam Bankman-Fried. The founder of FTX, Sam Bankman-Fried, spent significant amounts of money on political contributions and donations to global health, nature conservation, and technology organizations.
However, authorities are now investigating whether these payments were legitimate or bribes. The FTX scandal has resulted in an estimated loss of 8-10 billion dollars, and it may take years for victims to receive compensation.